Tuesday, March 20, 2012

EU Treatment of Greece Shows ‘Moral Decay’

Says Carl Weinberg, founder and chief economist of Frequency Economics, a consultancy. He claims that European Union leaders delayed Greece’s debt restructuring(read ‘partial default’) in order to minimize the impact on the region’s banks.

And obviously a second default will be necessary in the near future I would add, as well as an exit from the euro, both being similarly delayed for themoment, at a high cost for the Greek economy and citizens’ standard of living.

Blogs I Like

Good Value For Your Reading Time

About Me

As a professor of economics, my main specialization fields are in the theory and strategy of the firm, and the theory and applications of public choice (political economy).
I also do consulting work in these fields.
For more information on my work go to my homepage: http://jeanjacques.rosa.pagesperso-orange.fr/
and my SSRN author page: http://ssrn.com/author=471576.
My e-mail has changed: jj.rosa@orange.fr